December 2003),
Consolidation of Variable Interest
Entities. This FSP clarifies that when applying the variable interest
consolidation model, a reporting enterprise should consider whether it holds an
implicit variable interest in a variable interest entity (VIE) or potential
VIE. FSP No. FIN 46(R)-5 is effective as of April 1, 2005.
Management is currently evaluating the effect that adoption of FSP No. FIN
46(R)-5 will have on the Companys financial position and results of
operations.

variable interest in a
variable interest entity (VIE) or potential VIE. FSP No. FIN 46(R)-5
is effective as of April 1, 2005. Upon the adoption of FSP No. FIN
46(R)-5, the Company did not identify any potential or implicit VIEs.

variable interest in a
variable interest entity (VIE) or potential VIE. FSP No. FIN 46(R)-5
is effective as of April 1, 2005. Upon the adoption of FSP No. FIN
46(R)-5, the Company did not identify any potential or implicit VIEs.

Implicit Variable Interest Entities.In March 2005, the FASB issued Staff Position
(FSP) No. FIN 46(R)-5, Implicit Variable Interests under FASB Interpretation No. 46 (revised
December 2003), Consolidation
of Variable Interest Entities. This FSP clarifies that when applying
the variable interest consolidation model, a reporting enterprise should
consider whether it holds an implicit variable interest in a variable interest
entity (VIE) or potential VIE. FSP No. FIN 46(R)-5 is effective as
of April 1, 2005. Upon the adoption of FSP No. FIN 46(R)-5, the
Company did not identify any potential or implicit VIEs.

Implicit Variable Interest
Entities.In March 2005,
the FASB issued Staff Position (FSP) No. FIN 46(R)-5, Implicit
Variable Interests under FASB
Interpretation No. 46 (revised December 2003), Consolidation of Variable Interest Entities.
This FSP clarifies that when applying the variable interest consolidation
model, a reporting enterprise should consider whether it holds an implicit
variable interest in a variable interest entity (VIE) or potential VIE. FSP No. FIN
46(R)-5 is effective as of April 1, 2005. Management is currently
evaluating the effect that adoption of FSP No. FIN 46(R)-5 will have
on the Companys financial position and results of operations.

Implicit Variable Interest
Entities.In
March 2005, the FASB issued Staff Position (FSP) No. FIN 46(R)-5,
Implicit Variable Interests under
FASB Interpretation No. 46 (revised December 2003), Consolidation of Variable Interest
Entities. This FSP clarifies that when applying the variable interest
consolidation model, a reporting enterprise should consider whether it holds an
implicit variable interest in a variable interest entity (VIE) or potential
VIE. FSP No. FIN 46(R)-5 is effective as of April 1, 2005. Upon
the adoption of FSP No. FIN 46(R)-5, the Company did not identify
any potential or implicit VIEs.

Implicit Variable Interest Entities. In
March 2005, the FASB issued Staff Position (FSP) No. FIN 46(R)-5, Implicit
Variable Interests under FASB
Interpretation No. 46 (revised December 2003), Consolidation of Variable Interest Entities.
This FSP clarifies that when applying the variable interest consolidation
model, a reporting enterprise should consider whether it holds an implicit
variable interest in a variable interest entity (VIE) or potential VIE. FSP No. FIN
46(R)-5 is effective as of April 1, 2005. Management is currently
evaluating the effect that adoption of FSP No. FIN 46(R)-5 will have on
the Companys financial position and results of operations.